Unipetrol to carry out biggest scheme in Czech petrochemical market

Unipetrol, a subsidiary of PKN Orlen and Italian Technip reached an agreement regarding a construction of a new polyethylene unit (PE3) at Litvínov plant in the Czech Republic, a company press release read. New polyethylene unit (PE3) will be producing high density polyethylene (HDPE) which is also produced by current two polyethylene units in operation. According to PKN Orlen, the unit will be "among the most advanced units of this type in Europe." The project is Orlen's biggest investment in the Czech market and the biggest in the history of petrochemical sector in the country, the Polish refiner also said. The contract is valued at €213 million, the costs will reach €314 million. The unit will be launched in 2018. Since it entered the market, Orlen has spent €1 billion in the Czech Republic.